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Barnes & Noble Inc. has put out its list of "best books of 2018," which includes "Becoming," Michelle Obama's memoir, and "Barracoon: The Story of the Last 'Black Cargo'," by Zora Neale Hurston. The list comes about a week after the bookseller pushed out its list of "best gifts," which only included one book. Others on the "best books" list include "Fire & Blood" by George R.R. Martin, the author of the books that the hit series "Game of Thrones" is based on, and "Unsheltered" by Barbara Kingsolver. Barnes & Noble has also released "best" lists in other categories including young adult and best history and current affairs. Barnes & Noble shares have gained nearly 5% for the year to date while the S&P 500 index has slipped 1.4% for the period.

Barnes & Noble Inc. narrowed its losses in the latest quarter as the struggling bookseller worked to lower expenses and turn around its store operations. The nation's largest bookstore chain reported a second-quarter loss of $27.4 million, or 38 cents a share, compared with a year-earlier loss of $30.1 million, or 41 cents a share.

Barnes & Noble Inc. reported a fiscal second-quarter net loss of $27.4 million, or 38 cents per share, after a loss of $30.1 million, or 41 cents per share, last year. Sales totaled $771.2 million, down from $791.1 million. Same-stores fell 1.4%, which, the company highlighted, is the best performance since the fourth quarter of fiscal 2016. The FactSet consensus was for a loss of 41 cents, sales of $772 million, and a same-store sales decline of 1.8%. Barnes & Noble share are up 0.6% in Tuesday premarket trading, and up nearly 1% for the year to date. The S&P 500 index is up 0.6% for 2018 so far.

When Barnes & Noble Inc.'s former chief executive sued the company in August over his dismissal, a tantalizing detail stood out in his complaint. The struggling book retailer was on the verge of selling itself this past spring, he said, and had even accepted an offer. For months, people in the publishing industry wondered about the identity of the mystery would-be buyer.

U.S. stocks ended solidly lower Thursday--but off session lows--as investors fretted over a jump in bond yields, which helped to snap a five-session rally for the Dow Jones Industrial Average . The Dow finished down by about 200 points, or 0.8%, to 27,627, but had been down by as many as 357 points, or 1.3% at session lows. Still, Thursday's decline for the blue-chip gauge amounted to its worst since July 11, according to FactSet data. The S&P 500 index , meanwhile, ended down 0.8% at 2,902, while the Nasdaq Composite Index closed with a loss of 1.8% at 7,879, representing its worst session since June 25, while the S&P 500 narrowly avoided ending a streak of 71 sessions without a swing of at least 1%. The index also posted its worst one-day drop since late June. The trading action comes ahead of a closely watched Friday jobs report, but were chiefly prompted by a sudden climb in the 10-year Treasury yield, which rose on Thursday to 3.19%, extending its highest level since 2011 and coming after it posted the largest yield advance in more than a year on Wednesday. Rising rates force investors to reassess the so-called risk-free rate of government bonds against equities, which are viewed as comparatively riskier. In corporate news, Shares of Barnes & Noble Inc. soared after the bookstore chain said its board of directors has decided to enter a formal review process to evaluate "strategic alternatives" for the company. Meanwhile, shares of Cloudera Inc. jumped 9.8% and Hortonworks Inc. surged after the two companies late Wednesday announced an agreement to merge.

Barnes & Noble's stock soars 24% premarket after board explores sale

Shares of Barnes & Noble Inc. rallied 22% in the extended session Wednesday after the bookstore chain said its board of directors has decided to enter a formal review process to evaluate "strategic alternatives" for the company, it said in a statement. That follows multiple "expressions of interest" from parties in making an offer to buy the company, including from Barnes & Noble's chairman Leonard Riggio, it said. The board has appointed a special committee to lead the review, and there's no assurance a deal will be reached, Barnes & Noble said. The retailer also said it has noticed "rapid material accumulations of its stock" by a party or parties that cannot be identified, it said. In light of the review and the share accumulations, the board said it was adopting a short-term shareholder rights plan "to maximize the likelihood of a successful outcome for the strategic alternatives process," it said. Under the terms of the plan, which expires Oct. 2, if a person or group, without board approval, acquires 20% or more of Barnes & Noble's stock or announces a tender offer which results in the ownership of 20% or more of the company, then "all rights holders (other than the person triggering the rights and related parties) will be entitled to acquire preferred shares equivalent to Barnes & Noble's Common Stock at a 50% discount," the company said. Shares of Barnes & Noble had ended the regular trading session down 1.6%. Investor Richard Schottenfeld disclosed in a filing early last month he had increased his stake in the company to 6.9% and had discussed "changes in company leadership" and "desirability of selling the company" with management.

Barnes & Noble alleged in a court filing that its former CEO was justifiably fired in July because he sexually harassed a female employee, bullied other staffers and undermined a potential sale of the bookseller.

Barnes & Noble alleged in a court filing that its former CEO was justifiably fired in July because he sexually harassed a female employee, bullied other staffers and undermined a potential sale of the bookseller.

Barnes & Noble Union Square NY, the Largest in the Country, to Host an Afternoon With Boulevard Books Saturday Nov.17th 3-7 Pm.

Nov. 12, 2018 at 2:00 p.m. ET

on PRWeb

Barnes & Noble Inc.

Barnes & Noble, Inc. engages in the provision of access to trade books and other content across its multi-channel distribution platform to its customers. It operates through B&N Retail, and NOOK segments. The B&N Retail segment focuses in the retail bookstores under the Barnes & Noble Booksellers trade name, which includes also publishing operations, Sterling Publishing. The NOOK segment refers to the digital business, offering digital books and magazines for sale and consumption online comprises of digital content such as eBooks, digital newsstand and sales of NOOK devices and accessories to B&N Retail. The company was founded by Leonard S. Riggio in December 1986 and is headquartered in New York, NY.
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